Ballard Market property sells for $23m

The Ballard Market property (1400 NW 56th St) has just sold for a hefty $23 million.

But not to worry: the market isn’t going anywhere, according to Ballard Market Director Nancy Sullivan. She says it won’t affect the store — it’s just a change in landlords.

The Seattle DJC reports that the seller, Ballard Shopping Center LLC, associated with the Murray family, sold the 1.–acre property to investors from California.


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Zywiecy
Member
Zywiecy

The lot is zoned NC3 for 75 feet high.

gravemeister
Member
gravemeister

My theory: lease expires in 2023, so sell the property while there’s plenty of time to negotiate to make the fold of Ballard Market easier when that time comes in ’23. Either it gets a total overhaul as it sits under a new condo build-up, or it gets removed entirely in favor of a multi-retail space.

terryj
Member
terryj

apt moniker

kingsnake
Member
kingsnake

I’m sure that was the same or similar thing that the new South Korean company that bought out New Seasons told the employees. It’s all about money, nobody has any interest in the people.

Truth
Member
Truth

Ballard Market did not sell, just the property. And do not compare the owners of Ballard Market, who treats their employees well, to an international conglomerate that was known for being anti-employee and anti-union.

As a few people have mentioned below, the lease goes for quite some time. No need to sound the alarm.

Cap Anson
Member
Cap Anson

Lease means nothing when you have $$$. Ask the Sonics.

Ballard By Boat
Member
Ballard By Boat

I know what the spokesperson is saying. Still, there are no guarantees (although I believe the lease for Ballard Market is until 2023) that they won’t use this land to build another apartment complex. It would be weird if Ballard Market went away.

tbass
Member
tbass

They’ve got 18 or 19 years left on the lease…

wubby
Member
wubby

I heard the city gave the owners an ultimatum to either sell the property or it will be converted into and all in one homeless shelter with 5 floors and a full medical team on staff

Lizzy the Lezzy
Member
Lizzy the Lezzy

Did you hear it from an actual person or one of the voices in your head?

Bill Tirrill
Guest
Bill Tirrill

He heard it the way Trump “hears” things. “Some people say … ” (whatever meme he wants to put out there).

Lizzy the Lezzy
Member
Lizzy the Lezzy

That’s also a Fox News trope. “Some say…”

Wolfgang
Member
Wolfgang

Wasted space now. Apartments or condos with Ballard Market at ground floor and underground parking makes much more sense. Sound Transit station will (they say🤞) be within a block or two.

Pork Pie
Member
Pork Pie

Ballard Market is my spiritual home but I have to agree. As long as they come back and thrive, let’s shut it down for a year and build more housing by light rail.

carsongbaker
Member
carsongbaker

I’m with you. In the ideal world that would be Transit oriented development with Ballard Market on the ground floor.
Ballard Market is my grocer of choice for sure, and I would love for them to continue to do well. They are a chain (there are other town and country markets) so there’s some revenue from other stores to keep them going, but it would take a three year period or so for their building to be torn down, a new one built, and them to move in and begin operations again. It doesn’t seem likely that would happen, they’d probably find somewhere else or throw in the towel on Ballard which would be sad.

rodeo
Member
rodeo

how is moving mote people into ballard make more sense? we cannot get in or out now.
piling more people in here now is stupid.
the city planners need to think about what they are doing and how they are doing it.

elenchos2
Member
elenchos2

I’m not surprised someone as anti-union as Ballard Market couldn’t cut it in today’s political environment

Lizzy the Lezzy
Member
Lizzy the Lezzy

You again? I guess someone unlocked your casket lid?

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